Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Problem 8-66 (Algo) Operation Costing: Work-in-Process Inventory (LO 8-8) Washington, Inc., makes three models of motorized carts for vacation resorts, X10,X20, and X-40. Washington manufactures
Problem 8-66 (Algo) Operation Costing: Work-in-Process Inventory (LO 8-8) Washington, Inc., makes three models of motorized carts for vacation resorts, X10,X20, and X-40. Washington manufactures the carts in two assembly departments: Department A and Department B. All three models are processed initially in Department A, where all material is assembled. The X10 model is then transferred to finished goods. After processing in Department A, the X20 and X40 models are transferred to Department B for final assembly, and then transferred to finished goods. There were no beginning work-in-process inventories on April 1. Data for April are shown in the following table. Ending work in process is 30 percent complete in Department A and 50 percent complete in Department B. Conversion costs are allocated based on the number of equivalent units processed in each department. Required: a. What is the unit cost of each model transferred to finished goods in April? b. What is the balance of work-in-process inventory on April 30 for Department A? Department B? Complete this question by entering your answers in the tabs below. What is the unit cost of each model transferred to finished goods in April? (Do not round intermediate calculations.) Required: a. What is the unit cost of each model transferred to finished goods in April? o. What is the balance of work-in-process inventory on April 30 for Department A? Department B? Complete this question by entering your answers in the tabs below. What is the balance of work-in-process inventory on April 30 for Department A? Department B? (Do not round intermediate calculations.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started